SPX FLOW, Inc., together with its subsidiaries, designs, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Food and Beverage; and Industrial. The Food and Beverage segment offers homogenizers, pumps, valves, separators, and heat exchangers primarily under the APV, Gerstenberg Schroeder, Seital, and Waukesha Cherry-Burrell brands. The Industrial segment offers air dryers, filtration equipment, mixers, pumps, hydraulic technologies, and heat exchangers primarily under the Airpel, APV, Bolting Systems, Bran+Luebbe, Deltech, Hankison, Jemaco, Johnson Pump, LIGHTNIN, POSI LOCK, Power Team, and Stone brands. This segment primarily serves customers in the chemical, air treatment, mining, pharmaceutical, marine, infrastructure construction, general industrial, and water treatment industries. It serves customers through distributors and independent representatives in the United States, China, Germany, Denmark, France, and internationally. The company was incorporated in 2015 and is headquartered in Charlotte, North Carolina.
IPO Year: 2015
Exchange: NYSE
Website: spxflow.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2022 | $4.50 | Buy | EF Hutton |
| 1/4/2022 | $75.00 → $86.00 | Equal-Weight | Barclays |
| 11/11/2021 | $77.00 → $79.00 | Sector Perform | RBC Capital |
| 9/27/2021 | $75.00 | Underperform | BofA Securities |
Flow Beverage Corp. and Live Nation Canada new carton designs showcase Tetra Pak® Custom Printing's unique advertising opportunities DENTON, Texas, Sept. 12 2023 /PRNewswire/ -- Tetra Pak, a pioneer and world-leading food processing and packaging solutions company, is pleased to announce the first Custom Printing collaboration. The launch follows the successful validation of the Tetra Pak® Custom Printing solution, encompassing over 100 million packages, and is set to unleash new business and marketing opportunities with increased flexibility and customization, all within the package in the consumer's hand. Flow Beverage Corp. (TSX:FLOW, OTCQX:FLWBF) ("Flow" or the "Company"), distributing
Savoy Magazine 2022 List of Trailblazing Executives includes President & CEO Dwight Gibson and CPO Kevin Henry (L-R) BlueLinx President and CEO, Dwight Gibson, and Chief People Officer, Kevin Henry MARIETTA, Ga., July 19, 2022 (GLOBE NEWSWIRE) -- BlueLinx Holdings Inc. (NYSE:BXC) ("BlueLinx") is proud to announce that its President and Chief Executive Officer, Dwight Gibson, as well as Chief People Officer Kevin Henry are included in Savoy Magazine's prestigious 2022 Most Influential Black Executives in Corporate America issue. Savoy Magazine is the leading African American business and lifestyle magazine. Its esteemed annual Most Influential Black Executives in Corporate America publ
The new mixing portfolio better serves new and existing customers across an array of industries CHARLOTTE, N.C., April 13, 2022 /PRNewswire/ -- SPX FLOW, Inc., a leading provider of process solutions for the Industrial, and Nutrition & Health markets, has fully integrated the additions to its mixing solutions portfolio, creating a bigger, more technologically advanced offering for customers. By combining these legacy companies and brands — Lightnin, Plenty, Stelzer, Uutechnic, and Philadelphia Mixing Solutions — both new and existing customers now have access to the best solution across all brands.
NEW YORK, April 5, 2022 /PRNewswire/ -- Gogo Inc. (NASD:GOGO) will replace SPX FLOW Inc. (NYSE:FLOW) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, April 8. Lone Star Funds has acquired SPX Flow in a transaction that closed today. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 8, 2022 S&P SmallCap 600 Addition Gogo GOGO Communication Services S&P SmallCap 600 Deletion SPX FLOW FLOW Industrials For more information about S&P Dow Jones Indices, please visit www.spdji.com ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is
The PCM Combination Dryer cuts energy usage by 83% and use is expanding throughout South Korean steel industries CHARLOTTE, N.C., March 22, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, is proud that the use of its award-winning PCM Combination Dryer, which cuts energy usage by 83 percent, is expanding throughout POSCO Group facilities in Korea, a leader of the steel-making industry. The PCM Combination dryer stands for phase change material. The patented technology uses phase change m
CHARLOTTE, N.C., March 3, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW) (the "Company"), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its stockholders approved the proposed merger of the Company and Redwood Star Merger Sub, Inc. ("Merger Sub"), a Delaware corporation and a wholly owned subsidiary of LSF11 Redwood Acquisitions, LLC ("Parent"), a Delaware limited liability company and an affiliate of Lone Star Funds ("Lone Star"), a leading private equity firm, pursuant to the Agreement and Plan of Merger, dated as of December 12, 2021 (the "Merger Agreement"), by and among the Company, Merger Sub and Parent (the "Merger").
CHARLOTTE, N.C., Feb. 16, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, today reported results for the fourth quarter and full year ended December 31, 2021. Demand remained strong throughout the fourth quarter with orders up 3% organically leading to record year-end backlog of $610 million, up 7.5% organically year-over-year. As anticipated, revenue was down 4% organically in the quarter due to timing of Nutrition and Health systems, selectivity in Precision Solutions, and the impact of six fewer days in the fourth quarter of 2021 versus the fourth quarter of 2020. Adjusted EBITDA* margin was 13.8% f
CHARLOTTE, N.C., Feb. 7, 2022 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, launched a sustainability initiative that drastically reduces the total amount of clean water a homogenizer uses. The Homogenizer Water Recycling System (HWRS) is designed to recycle up to 97% of the water used by homogenizers. Traditionally, a continual flow of water gets supplied to homogenizers to cool the transmission oil and lubricate the plungers. The HWRS technology recaptures that water, sanitizes and chills
CHARLOTTE, N.C., Dec. 15, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, is celebrating the 75th anniversary of its Assen manufacturing facility in the Netherlands. Assen's team of 85 employees make critical components for processing plants worldwide, producing both standard and customized pumps. The team has also spearheaded initiatives to improve safety, increase productivity, shorten lead times and drive customer satisfaction. "We're especially proud of this team, not just for the p
CHARLOTTE, N.C., Dec. 13, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today it entered into an agreement to be acquired by an affiliate of Lone Star Funds ("Lone Star") in an all-cash transaction valued at $3.8 billion, including the assumption of debt. The purchase price represents a premium of nearly 40% over SPX FLOW's closing stock price on July 16, 2021, the last trading day prior to the publication of an article in the July 19, 2021, edition of The Wall Street Journa
CHARLOTTE, N.C., Nov. 10, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and precision solutions markets, today reported results for the quarter ended October 2, 2021. "SPX FLOW's strong performance in the first nine months of the year is a direct result of our strategic plan and the inspired work of our solution makers," said Marc Michael, SPX FLOW President and CEO. "Throughout the year, the team has overcome the unique challenges of the current environment and helped deliver better-than-expected operating results. Demand for our essential products remains strong and our value-based pricing strategy, combined with our supp
CHARLOTTE, N.C., Oct. 27, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today its plan to report third quarter 2021 financial results on November 10, 2021. During a conference call at 8 a.m. EST, SPX FLOW President and Chief Executive Officer Marc Michael and Vice President and Chief Financial Officer Jaime Easley will discuss the company's third quarter 2021 results. Those interested in participating in the conference call should dial in five minutes prior to the start of the call. The call will be webcast simultaneously via the company's website at www.spxflow.com, and the slide presentat
CHARLOTTE, N.C., Sept. 17, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on October 13, 2021 to stockholders of record as of the close of business on September 30, 2021. About SPX FLOW, Inc.: Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE:FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentra
CHARLOTTE, N.C., Aug. 4, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and precision solutions markets, today reported results for the quarter ended July 3, 2021. "Our strong first half results demonstrate significant progress in the strategic plan the Company outlined at the start of 2021. We are demonstrating the ability to deliver organic growth, meaningful margin expansion, and strong free cash flow," said Marc Michael, SPX FLOW President and CEO. "The strategic assessments we conducted over the past two years created clarity on the products, services and markets that allow us to grow profitably with our customers. And
CHARLOTTE, N.C., July 21, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today its plan to report second quarter 2021 financial results on Aug. 4, 2021. During a conference call at 9 a.m. EDT, SPX FLOW President and Chief Executive Officer Marc Michael and Vice President and Chief Financial Officer Jaime Easley will discuss the company's second quarter 2021 results. Those interested in participating in the conference call should dial in five minutes prior to the start of the call. The call will be webcast simultaneously via the company's website at www.spxflow.com, and the slide presentation
CHARLOTTE, N.C., June 17, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW), a leading provider of process solutions for the nutrition, health and industrial markets, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on July 14, 2021 to stockholders of record as of the close of business on June 30, 2021. About SPX FLOW, Inc.: Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE:FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in pro
CHARLOTTE, N.C., May 5, 2021 /PRNewswire/ -- SPX FLOW, Inc. (NYSE:FLOW) a leading provider of process solutions for the nutrition, health and industrial markets, today reported results for the quarter ended April 3, 2021. "Our strong first quarter results highlight the increasing momentum in our strategy to be a premier process solution company, and our talented team's capabilities to meet our commitments of growth and improved operating performance," said Marc Michael, SPX FLOW President and CEO. "We've built an efficient operational model with a culture of productivity, and we are investing in our business to deliver reliable outcomes through economic cycles. Our implementation of 80/20 pr
CHARLOTTE, N.C., March 10, 2021 /PRNewswire/ -- SPX FLOW, Inc. (the "Company"), a leading provider in process solutions, announced today that its Board of Directors has declared a quarterly dividend on the Company's common stock of $0.09 per share, payable on April 14, 2021 to stockholders of record as of the close of business on March 24, 2021. About SPX FLOW, Inc.:Based in Charlotte, N.C., SPX FLOW, Inc. (NYSE: FLOW) improves the world through innovative and sustainable solutions. The company's product offering is concentrated in process technologies that perform mixing, blending, fluid handling, separation, thermal heat transfer and other activities that are integral to processes perform
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EF Hutton initiated coverage of Flow Beverage with a rating of Buy and set a new price target of $4.50
Barclays reiterated coverage of SPX FLOW with a rating of Equal-Weight and set a new price target of $86.00 from $75.00 previously
RBC Capital reiterated coverage of SPX FLOW with a rating of Sector Perform and set a new price target of $79.00 from $77.00 previously
BofA Securities initiated coverage of SPX FLOW with a rating of Underperform and set a new price target of $75.00
Morgan Stanley reiterated coverage of SPX FLOW with a rating of Underweight and set a new price target of $70.00 from $65.00 previously
Morgan Stanley initiated coverage of SPX FLOW with a rating of Underweight and set a new price target of $65.00
Royal Bank of Canada reiterated coverage of SPX FLOW with a rating of Sector Perform and set a new price target of $72.00 from $62.00 previously
Royal Bank of Canada upgraded SPX FLOW from Underperform to Sector Perform and set a new price target of $62.00 from $48.00 previously
RBC Capital upgraded SPX FLOW from Underperform to Sector Perform and set a new price target of $62.00 from $48.00 previously
Royal Bank of Canada upgraded SPX FLOW from Underperform to Sector Perform